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Digital transformation is understood as a continuous networking of all economic areas and as an adaptation of the actors to the new realities of the digital economy.
Digitization as a basic innovation is crucial to the future viability of European industry. If it is possible to use the possibilities of networked, more efficient production and new business models, Europe could achieve an increase of 1.25 trillion euros in gross value added by 2025. However, should the European industry miss the digital transformation, a total of 605 billion euros will be put at risk in the coming years.